Mad Money

'I would not sell these earnings': Cramer

Playing dress up with PVH CEO

(Click for video linked to a searchable transcript of this Mad Money segment)

Cramer is always eager to hear from PVH Corp.

"That's the company behind Calvin Klein, Tommy Hilfiger, Van Heusen, Izod, and Arrow," Cramer explained.

Cramer believes PVH is one of the best ways to play retail, in part because he believes in the strategies implemented by the company's chief, Manny Chirico.

And on Monday, results seemed to confirm Cramer's enthusiasm.

Adam Jeffery | CNBC

Earnings showed fiscal third-quarter profit grew 17% with revenue from Tommy Hilfiger products jumping 10% to $921 million while revenue from Calvin Klein apparel more than doubling to total $800 million.

Adjusted net income attributable to the company was $190.8 million or $2.30 per share while revenues increased to $2.26 billion from $1.64 billion last year.

On average, analysts polled by Thomson Reuters expected the company to earn $2.24 per share on revenues of $2.22 billion for the quarter. Analysts' estimates typically exclude special items.

However, going forward PVH did generate some cause for concern with its muted outlook.

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"Despite our better than expected third quarter results, we believe the current holiday season will be very competitive and highly promotional," said CEO Manny Chirico.

PVH sees a fiscal fourth-quarter adjusted profit of about $1.40 a share on $2.08 billion in revenue. Analysts surveyed by Thomson Reuters had expected $1.53 a share and $2.14 billion, respectively.

On the news shares declined about 2% in after hours trade. Cramer, however, isn't worried.

"This is a conservative company," he said. "And PVH has always been a 2014 story."

In part, that's because recent changes Chirico has implemented will take about 9 months to hit the bottom line - aka Fall 2014. Also Cramer believes PVH is facing huge opportunities in Asia that are currently unrealized.

"If you believe in the company's future as I do, then I wouldn't be selling this earnings report," Cramer said. "If anything I'd buy the weakness."

Call Cramer: 1-800-743-CNBC

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